Federal Reserve Release H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received No. 18 Week Ending May 5, 2001 Board of Governors of the Federal Reserve System, Washington, DC 20551 H.2 Board Actions April 29, 2001 to May 5, 2001 Testimony And Statements Real estate brokerage and management -- statement by Governor Meyer before the Subcommittee on Financial Institutions and Consumer Credit, House Committee on Financial Services. - Published, May 2, 2001 Forms Forms -- initial review of proposed Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12). - Proposed, May 1, 2001 Regulations And Policies Regulation W (Transactions between Banks and Affiliates) -- request for comment on proposed new Regulation W to comprehensively implement sections 23A and 23B of the Federal Reserve Act [Docket No. R-1103]. - Approved, May 2, 2001 Section 23A of the Federal Reserve Act -- final rule granting exemptions from and providing interpretations of section 23A [Docket Nos. R-1015 and R-1016]. - Approved, May 2, 2001 Sections 23A and 23B of the Federal Reserve Act -- interim rule with request for comment regarding application of the two sections to credit exposure arising from derivative transactions with affiliates and intraday extensions of credit to affiliates [Docket No. R-1104]. - Approved, May 2, 2001 (AC) = Addition or Correction Board - Page 1 of 1 H.2 Actions under delegated authority April 29, 2001 to May 5, 2001 BS&R Banking Supervision and Regulation RBOPS Reserve Bank Operations and Payment C&CA Consumer and Community Affairs IF International Fiance FOMC Federal Open Market Committee OSDM Office of Staff Director for Management Bank Branches, Domestic Kansas City Bank of Colorado, Fort Lupton, Colorado -- to establish a mobile branch to operate within a 30-mile radius of Durango. - Approved, April 30, 2001 Richmond Community Bank of Tri-County, Waldorf, Maryland -- to establish a branch at 30155 Three Notch Road, Charlotte Hall. - Approved, May 1, 2001 Chicago First Banking Center, Burlington, Wisconsin -- to establish a branch at 200 Main Street, Darlington. - Approved, May 4, 2001 Kansas City Premier Bank, Denver, Colorado -- to establish a branch at 2480 West Alameda Avenue. - Approved, May 2, 2001 Richmond Virginia Commerce Bank, Arlington, Virginia -- to establish a branch at Reston Town Center, Reston. - Approved, May 4, 2001 Bank Holding Companies Chicago American National Bank of Beaver Dam Employee Stock Ownership Trust, Beaver Dam, Wisconsin -- to become a bank holding company through the acquisition of shares of Ambanc Financial Services, Inc., and thereby acquire American National Bank of Beaver Dam and Bank of Helenville, Helenville. - Approved, May 2, 2001 (AC) = Addition or Correction Delegated - Page 1 of 7 H.2 Actions under delegated authority April 29, 2001 to May 5, 2001 Bank Holding Companies Chicago AmericaUnited Bancorp, Inc., Schaumburg, Illinois -- to acquire National Bancorp, Inc., Sycamore, and American National Bank of DeKalb County. - Approved, May 4, 2001 Kansas City Centennial Bank Holdings, Inc., Eaton, Colorado -- to acquire Berthoud Bancorp, Inc, Berthoud, and Berthoud National Bank. - Approved, May 3, 2001 Cleveland Fifth Third Bancorp, Cincinnati, Ohio -- to acquire USB, Inc., Milwaukee, Wisconsin, and its nonbank subsidiaries. - Approved, May 1, 2001 Kansas City First Independent Bancorp, Inc., Chickasha, Oklahoma -- waiver of application in connection with the acquisition of The First American Bank, Minco, and its merger with The First National Bank and Trust Company, Chickasha. - Granted, May 3, 2001 Minneapolis JBS, Inc., Kulm, North Dakota -- to merge with Edgeley Bancorporation, Inc., Edgeley. - Approved, May 2, 2001 Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin -- to acquire M&I Bank of Mayville, Mayville, a de novo bank; and for M&I Bank of Mayville to become a member of the Federal Reserve System. - Approved, May 2, 2001 Chicago National Bancshares, Inc., Bettendorf, Iowa -- to acquire FirstCity Mortgage Corp., and thereby engage in making and servicing loans. - Approved, May 4, 2001 (AC) = Addition or Correction Delegated - Page 2 of 7 H.2 Actions under delegated authority April 29, 2001 to May 5, 2001 Bank Holding Companies San Francisco North Cascades Bancshares, Inc., Chelan, Washington -- to acquire shares of bankcda, Coeur d'Alene, Idaho, a de novo bank. - Approved, May 2, 2001 St. Louis Planters Financial Group, Inc. Hopkinsville, Kentucky -- to acquire Planters Bank, Inc. - Approved, May 3, 2001 Secretary Royal Bank of Canada, Montreal, Canada, and Rock Merger Subsidiary, Inc., Raleigh, North Carolina -- commenter's request to extend the comment period on the proposed acquisition of Centura Banks, Inc., Rocky Mount, North Carolina, and Centura Bank. - Denied, May 4, 2001 San Francisco TFC Holding Company, Los Angeles, California -- to become a bank holding company through the acquisition of InterBusiness Bank, N.A. - Approved, April 30, 2001 San Francisco United Security Bancshares, Fresno, California -- to acquire shares of United Security Bank. - Approved, May 4, 2001 Director, BS&R Wells Fargo & Company, San Francisco, California -- modification of a commitment. - Granted, May 3, 2001 Bank Mergers Cleveland Fifth Third Bank, Cincinnati, Ohio -- to acquire through merger Universal Savings Bank, F.A., Milwaukee, Wisconsin, and thereby establish branches. - Approved, May 1, 2001 (AC) = Addition or Correction Delegated - Page 3 of 7 H.2 Actions under delegated authority April 29, 2001 to May 5, 2001 Bank Mergers Chicago M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin -- to acquire the branch of Harris Trust Bank of Arizona, Scottsdale, Arizona, at 19828 North 27th Avenue, Phoenix, and thereby establish a branch. - Approved, May 3, 2001 Cleveland North Valley Bank, Zanesville, Ohio -- to merge with Malta National Bank, Malta, and thereby establish branches. - Approved, May 1, 2001 Minneapolis Pioneer Bank, Mapleton, Minnesota -- to merge with Citizens State Bank of St. James, St. James, and thereby establish a branch at 123 Armstrong Boulevard South. - Approved, May 3, 2001 Minneapolis Security State Bank of Edgeley, Edgeley, North Dakota -- to merge with Kulm State Bank, Kulm, and thereby establish branches in Kulm and Fredonia. - Approved, May 2, 2001 Minneapolis Valley Bank of Helena, Helena, Montana -- to purchase certain assets and assume certain liabilities of three Helena branches and one East Helena branch of Western Security Bank, Missoula, a federal savings bank; and thereby establish branches at 321 Fuller Avenue, Helena, 3171 North Montana Avenue, and 101 Lane Avenue, East Helena. - Approved, May 4, 2001 Banks, Nonmember, And Miscellaneous Institutions Kansas City Farm Credit Services of East Central Oklahoma, Broken Arrow, Oklahoma -- registration under Regulation U. - Approved, May 2, 2001 (AC) = Addition or Correction Delegated - Page 4 of 7 H.2 Actions under delegated authority April 29, 2001 to May 5, 2001 Banks, State Member Atlanta Bank of Murfreesboro, Murfreesboro, Tennessee -- to exercise trust powers. - Approved, May 4, 2001 Change In Bank Control Dallas Fannin Bancorp, Inc., Employee Stock Ownership Plan and Trust, Windom, Texas -- change in bank control. - Permitted, April 30, 2001 Chicago Van Buren Bancorporation, Keosauqua, Iowa -- change in bank control. - Permitted, April 30, 2001 Competitive Factors Reports Atlanta Citizens Bank of Philadelphia, Philadelphia, Mississippi -- report on competitive factors of the proposed purchase of certain assets and assumption of certain liabilities of the Decatur and Forest branches of Union Planters Bank, N.A., Memphis, Tennessee. - Submitted, May 2, 2001 Dallas The Eden State Bank, Eden, Texas -- report on competitive factors of the proposed merger with The First State Bank of Rankin, Rankin. - Submitted, May 4, 2001 Secretary First National Bank of Phillips County, Helena, Arkansas -- report on competitive factors of the proposed acquisition of the West Helena, Arkansas, and Marvell branches of Union Planters Bank, National Association, Memphis, Tennessee. - Submitted, May 2, 2001 (AC) = Addition or Correction Delegated - Page 5 of 7 H.2 Actions under delegated authority April 29, 2001 to May 5, 2001 Competitive Factors Reports Kansas City First National Bank, Goodland, Kansas -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of the Colby and Oberlin branches of Commercial Federal Bank, a Federal Savings Bank, Omaha, Nebraska. - Submitted, April 30, 2001 New York Lakeland Bank, Newfoundland, New Jersey -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of the National Bank of Sussex County, Branchville. - Submitted, May 3, 2001 Kansas City Security First Bank, Sidney, Nebraska -- report on competitive factors of the proposed acquisition of the Cody, Merriman, and Thedford branches of Community First National Bank, Fargo, North Dakota. - Submitted, May 2, 2001 San Francisco The Stockmen's Bank, Kingman, Arizona -- report on competitive factors of the proposed acquisition of eight Arizona branches of Community First National Bank, Fargo, North Dakota. - Submitted, May 2, 2001 San Francisco United Security Bank, Fresno, California -- report on competitive factors of the proposed merger with USB Merger Company. - Submitted, May 2, 2001 Extensions Of Time New York Banco Popular North America, New York, New York --